Who owns ZMAY (ZMAY)
Which tracked institutional funds hold ZMAY, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ZMAY company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on ZMAY is one-sided between 2025-Q4 and 2026-Q1: 0 added or opened and 2 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ZMAY’s largest tracked holder by dollar value, WealthCare Asset Management, LLC, sizes it at 6.8% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 6.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ZMAY divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 24 tracked filers holding ZMAY, 4 increased or opened the position and 14 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ZMAY between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
Largest trims
- WealthCare Asset Management, LLC$416K
- RAYMOND JAMES FINANCIAL INC$307K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| WealthCare Asset Management, LLC trimmed | 250,967 | $6M | 33.5% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 53,196 | $1M | 7.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC trimmed | 43,314 | $1M | 5.8% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 38,016 | $974K | 5.1% | 2026-Q1 |
| OSAIC HOLDINGS, INC. trimmed | 36,213 | $927K | 4.8% | 2026-Q1 |
| Lineweaver Wealth Advisors, LLC | 34,817 | $892K | 4.7% | 2026-Q1 |
| KINGSWOOD WEALTH ADVISORS, LLC trimmed | 31,224 | $800K | 4.2% | 2026-Q1 |
| Kestra Advisory Services, LLC | 29,001 | $743K | 3.9% | 2026-Q1 |
| CENTRAL VALLEY ADVISORS, LLC trimmed | 25,696 | $658K | 3.4% | 2026-Q1 |
| Farther Finance Advisors, LLC | 24,655 | $631K | 3.3% | 2026-Q1 |
| Advisory Services Network, LLC trimmed | 21,211 | $543K | 2.8% | 2026-Q1 |
| Brookstone Capital Management trimmed | 16,529 | $423K | 2.2% | 2026-Q1 |
| DHJJ Financial Advisors, Ltd. trimmed | 11,693 | $299K | 1.6% | 2026-Q1 |
| EVOLUTION WEALTH MANAGEMENT INC. trimmed | 9,497 | $243K | 1.3% | 2026-Q1 |
| Concurrent Investment Advisors, LLC new | 9,242 | $237K | 1.2% | 2026-Q1 |
| HARBOUR INVESTMENTS, INC. added | 9,008 | $231K | 1.2% | 2026-Q1 |
| KFG WEALTH MANAGEMENT, LLC trimmed | 8,508 | $218K | 1.1% | 2026-Q1 |
| WealthShield Partners, LLC | 8,242 | $211K | 1.1% | 2026-Q1 |
| AE Wealth Management LLC | 1,961 | $50K | 0.3% | 2026-Q1 |
| UBS Group AG added | 1,950 | $50K | 0.3% | 2026-Q1 |
| CoreCap Advisors, LLC | 1,029 | $26K | 0.1% | 2026-Q1 |
| IFP Advisors, Inc | 1,026 | $26K | 0.1% | 2026-Q1 |
| JDM Financial Group LLC | 242 | $6K | 0.0% | 2026-Q1 |
| GILPIN WEALTH MANAGEMENT, LLC new | 200 | $5K | 0.0% | 2026-Q1 |
| JANE STREET GROUP, LLC new | 56,954 | $1M | 7.3% | 2025-Q2 stale |
| OLD MISSION CAPITAL LLC trimmed | 15,329 | $390K | 2.0% | 2025-Q4 stale |
| TPG Financial Advisors, LLC new | 9,799 | $242K | 1.3% | 2025-Q2 stale |
| Global Trust Asset Management, LLC new | 800 | $20K | 0.1% | 2025-Q3 stale |
| PRINCIPAL SECURITIES, INC. | 308 | $8K | 0.0% | 2025-Q3 stale |
| JPMORGAN CHASE & CO new | 300 | $8K | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. new | 0 | — | 0.0% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.